Buying Bitcoin in Hawaii in 2018 has gotten easier.
The situation is better understood today in 2018.
Understanding how to work with the regulations
is the only progress that has been made. No State help there.
We are still stuck in the
nether-regions of regulations
which make it complicated with higher fees
and unecessary wait times and risk exposure.
The general consensus in Honolulu seems to be that
the Regulatory board is excited to look at the regulation
again and maybe changing it.The catch is they probably wont
get around to it until 2021. This is just a consensus guess
as to how long it will take. Using past government
turn around times for ammending regulation as a comparison
2021 may be on the early side.
If you didn't know there are ways to buy Bitcoin completely within regulations as a Hawaii Resident.
Using Peer to Peer Networks Is the only way to buy Bitcoin and recieve it in your own possesion without having a third party hold it for you with fees and loss risk.
Online bitcoin banks and Investment services will purchase Bitcoin for you but they hold on to it for you too.
Many of these services have proven to be unsavory and have shut down without notice taking their customers Bitcoin with them, usually within a couple of years of opening - so be careful!
The Best Peer to Peer sites Are featured on Hawaii's oldest and best Bitcoin resource www.hawaiibitcoin.org
This is an established Island based site that has reviewed and tried all the latest Platforms from P2P networks to investment programs.
Lots of HOW TO content and insights for the level up trader.
Hawaiibitcoin.org seems to be the oldest operating bitcoin resource in Hawaii and with very educational based content
and definately the only online resource that isn't a pitch for High interest/high risk Multi level marketing investment.
Unfortunately, Hawaii is a prime target for the crypto ponzi schemes because our insular regulations have created ignorance and shrug off the creation of legitimate investment.
As far as Hawaii's future with cryptos; Hawaii is America's gateway to asia with millions of visitors annually.
The state does have reasonable tech business start up regulations(if it was still 1994) and is the ideal choice for a block chain business to set up(if weather is your only market research)
The problem is the current regulations for Bitcoin and cryptos is too prohibative for any large venture.
The real question for Hawaii is do they want a foreign or Mainland company to be the first to set up shop here or do they want a Hawaiin based business to be the omuamua for the crypto revolution?
Some would say Hawaii's legislature just want it's constituents left behind.
Let us know what you think.
twitter@BitcoinBruno
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